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Three-Story School Building
For Sale
$4,399,000

4021 Thomas Avenue N, Minneapolis, MN 55412

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size1.81 Acres
Days on Market238

Property Features for 4021 Thomas Avenue N

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential-Multi-Family
Parking features Driveway, Parking Lot, Assigned
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp
Subdivision R 24 W
High school district Minneapolis
Directions Highway #100 , Southeast on Brooklyn Blvd (Turns into Osseo Rd.), Right (West) on 45th. Ave. N., South on N. Sheridan Ave., Right (West) one block to Thomas, Right (South) to property.
Standard status Active
APN 0502924130012
Lot size 1.81 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Heating system Steam

Amenities

Commercial Kitchen
Gymnasium
social/Dining Hall

Building Details

Year built 1950
Listing Agency: Keller Williams Select Realty · Keller Williams Realty
Listed By: Leslie J. Racine
Added: Feb 17 Changed: Oct 13 Last Checked: Oct 13 at 8:06PM
MLS# 7022923

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This school property contains 28 offices and 34 classrooms across three levels. Additional facilities include a commercial kitchen, gymnasium, social and dining hall, and an elevator. The building is air-conditioned and has steam heat; accessibility features include an approach ramp and an installed elevator. The structure dates to 1950 and sits on 1.81 acres.

The site has limited on-site parking, with parking lot, assigned, and driveway options listed. Potential uses identified for the property include office, education, charter school, and medical applications, as well as conversion to housing.

Key Highlights

  • 28 offices and 34 classrooms
  • Three levels with a commercial kitchen, gymnasium, and social/dining hall
  • 1.81‑acre property

Property Analytics

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Current Use

Schools

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Building Supply Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Office units

Location Intelligence

Trade Area within ½ mile

295
Businesses Nearby

Demographics for 55412, MN

23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
School - Classroom and office areas are complemented by a commercial kitchen, gymnasium, and dining space.
Where is this school located?
The property is located at 4021 Thomas Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $4,399,000.
What are key features of this property?
This property features: 28 offices and 34 classrooms; Three levels with a commercial kitchen, gymnasium, and social/dining hall; 1.81‑acre property
More about this property
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